The Death Spiral Of The SPDR Gold ETF And iShares Silver ETF Continues

The Death Spiral Of The SPDR Gold ETF And iShares Silver ETF Continues

Investors in gold and silver have had a rough couple of days. The price of an ounce of gold has dropped from $1,800 to current levels around $1,700. And the price of an ounce of silver has dropped from $25.50 to $23.50.

Despite the fact that the precious metals have rebounded off of their lows today, the SPDR Gold Shares GLD and iShares Silver Trust SLV continue to plummet.

In just a week, the price of GLD has fallen from $171 to $161. If gold continues to drop, GLD should follow.

SLV has dropped from $24 to $22 per share. It should continue to follow the price of silver.

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